Self-Storage Facility
Budget Storage
2618 N College Rd, Wilmington, NC 28405
Listing Price: $8,300,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Budget Storage located at 2618 North College Road in Wilmington, North Carolina. The facility currently features 349 climate-controlled units, 101 non-climate-controlled units, and four outdoor parking spaces that make up 56,750 net rentable square feet. The facility was opened in 2022 and is situated on 8.05 acres of land. The facility has already achieved physical occupancy of 45.20 percent and has room for expansion.
Listing Price: $8,300,000
Investment Highlights
- Wilmington, North Carolina Newly Built Single-Story Facility with Large Upside
- 56,750 Net Rentable Square Feet | 454 Units
- Site Opened in 2022 and Already Over 45 Percent Occupied
- Well Below Market Lease Up Rates
- Room for Expansion
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Budget Storage located at 2618 North College Road in Wilmington, North Carolina. The facility currently features 349 climate-controlled units, 101 non-climate-controlled units, and four outdoor parking spaces that make up 56,750 net rentable square feet. The facility was opened in 2022 and is situated on 8.05 acres of land. The facility has already achieved physical occupancy of 45.20 percent and has room for expansion.
